The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.
Read More »US Sanctions Hit Global Oil Fleet
VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.
Read More »Putin Condemns Attack on Iranian Oil Tanker
The Russian leader urged Iran'.s neighbors to ``respect`` the interests of Tehran as a country that has ``existed on its territory for thousands of years``.
Read More »IEA Cuts Oil Demand Growth Forecasts for 2019. 2020
The IEA had cut its demand growth figures for the year but kept it unchanged for next year.
Read More »Iran Carefully Investigating Oil Tanker Explosions
The appropriate response will be given to the perpetrators of this cowardly attack.
Read More »Iran`s FOREX Reserves Increase Last Year
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20. 2019).
Read More »Iran to Defeat US Policies against Tehran’s Crude Exports
Iranian Oil Minister Bijan Namdar Zangeneh reassured that his country has mastered the ways to circumvent the US bans on its crude exports. reiterating that Washington will be unable to inflict a serious damage on Tehran’s huge oil industry.
Read More »Saudi Arabia Remains South Korea’s Top Oil Supplier
The US has seen an increase in its oil supply to South Korea.
Read More »Europe’s Uncertain Wind Energy Growth Puts Jobs and Green Goals at Stake
WindEurope warns if national plans are unambitious and permitting issues persist. only 67GW of new wind capacity will be installed by 2023.
Read More »NASA Unveils Experimental All-Electric Aircraft
The new plane takes the form of an altered Tecnam P2006T. with the original aircraft’s combustion engines having been replaced with electric cruise motors.
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